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ANSS ANSYS Inc

350.00
1.06 (0.30%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ANSYS Inc NASDAQ:ANSS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.06 0.30% 350.00 350.00 350.00 352.55 348.36 349.18 432,550 23:56:43

Synopsys To Acquire Ansys In $35 Billion Deal -- Update

16/01/2024 1:51pm

Dow Jones News


ANSYS (NASDAQ:ANSS)
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By Ben Glickman

 

Synopsys will acquire Ansys in a $35 billion cash-and-stock deal, confirming a prior Wall Street Journal report.

Ansys shareholders will receive $197 in cash and 0.345 shares of Synopsys stock per share of Ansys, the companies said Tuesday.

The companies said the deal had an implied consideration of $390.19 a share for Ansys, representing a premium of about 35% on Ansys's 60-day volume-weighted average price as of Dec. 21.

The deal gives Ansys an enterprise value of $35 billion based on the Dec. 21 closing price of Synopsys stock.

Synopsys said it would fund the $19 billion in cash consideration with cash on hand and debt financing.

Synopsys said the deal expands its total addressable market by 50% to $28 billion. The acquisition is expected to be accretive to adjusted earnings per share in the second full year after the deal closes.

Ansys makes engineering simulation software used in product design. Sunnyvale, Calif.-based Synopsys makes software to design and test chips.

The deal is expected to close in the first half of 2025.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

January 16, 2024 08:36 ET (13:36 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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